Concur Technologies Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:CNQR)
Concur Technologies (NASDAQ:CNQR) has earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the company, AnalystRatings.Net reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $107.33.
CNQR has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus reiterated an “underperform” rating on shares of Concur Technologies in a research note on Tuesday, August 5th. They now have a $72.00 price target on the stock, down previously from $73.00. Separately, analysts at Deutsche Bank raised their price target on shares of Concur Technologies from $95.00 to $110.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Finally, analysts at Roth Capital initiated coverage on shares of Concur Technologies in a research note on Wednesday, June 25th. They set a “buy” rating and a $130.00 price target on the stock.
Shares of Concur Technologies (NASDAQ:CNQR) opened at 100.46 on Thursday. Concur Technologies has a 1-year low of $74.43 and a 1-year high of $130.39. The stock has a 50-day moving average of $93.99 and a 200-day moving average of $96.93. The company’s market cap is $5.730 billion.
Concur Technologies (NASDAQ:CNQR) last announced its earnings results on Monday, August 4th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.09. The company had revenue of $178.40 million for the quarter, compared to the consensus estimate of $175.15 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. On average, analysts predict that Concur Technologies will post $0.61 earnings per share for the current fiscal year.
In other Concur Technologies news, EVP Elena A. Donio sold 2,500 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Concur Technologies, Inc (NASDAQ:CNQR) is a provider of integrated travel and expense management solutions for companies of all industries, sizes, and geographies.
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